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Bristol-Myers Squibb Completes Previously Announced Sale of its HIV R&D Portfolio to ViiV Healthcare

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Additional Information

Additional Relevant Details Bristol-Myers Squibb received from ViiV Healthcare a payment of $350 million in connection with the closing. Under the terms of the transaction agreements, Bristol-Myers Squibb will also receive from ViiV Healthcare potential development and regulatory milestone payments of up to $518 million for the clinical assets, and up to $587 million for the discovery and pre-clinical programs. If and when products are approved and commercialized, ViiV Healthcare will pay tiered royalties. Additionally, ViiV Healthcare will pay sales-based milestone payments of up to $750 million for each of the clinical assets and up to $700 million for each of the discovery and pre-clinical programs.

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Catalyst Date
Occurred on:
Feb 22, 2016
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Related Keywords Hiv, Viiv Healthcare